Possible Ways to Reinvest Crypto Money - Make Money During a Bear Market
With the 2017 crypto bull market having seemingly ended, at least in the short term, it is now time to revinest some of the profits into other money generating assets helping us to accumulate more wealth in preparation for the next crypto bull market.
So what are some of the ways that we can reinvest our crypto currency gains?
1) Reinvest in Crypto
The simplest and easiest way may be to reinvest your money back into cryptos. Accumulating more crypto currencies for the long-term may be a great tactic. However, in a bear market you may lose money in the short-term while waiting for the bulls to return.
2) Invest in yourself
Is there a skill you want to learn? perhaps, its programming, web-design or graphic design. Now might be the time to use some of your crypto gains to invest in yourself and learn some new skills that can help you to increase the amount of money you earn, whether than be in a job or online.
3) Invest in a Business
One of the best ways you can put your money to use is to invest in business or buy a business. Whether it be locally or nationally, businesses after often looking for money from investors to help them grow and expand.
Alternatively, you could even buy a business. You can buy a business as simple as a website generating a monthly income to a typical business. As the baby boomers start to retire, there are an increasing number of businesses for sale on the market. Retiring baby boomers who own business are looking for people to buy them. Often, their children are not interested in owning the family business and have their own interests and lives they want to follow. You could be that the business owner's retirement plan and proud business owner.
Coming out a bear market, your goal should be to put your crypto gains into income generating assets that allow you reinvest during the bear market. This way, you will be well prepared for the next bull!
What Will I be Doing?
I will use a small portion of my crypto gains to purchase an online course and learn a new skill.